Cashmere Quick Hits 3/12
In celebration of Women's History Month, our quick hits this week focus on women on the rise! Are you actually listening?: Founder gender often determines women’s roles. Startups with at least one woman on the founding team are much more likely to have a female CEO (often founders serve as CEOs) or COO. If the startup has only male founders, a woman is much more likely to be head of HR or chief marketing officer. The numbers are stark: Just five percent of startups with only men on the founding team have a female CEO, whereas 63 percent have women as HR chiefs.
“You have to really believe not only in yourself, you have to believe that the world is actually worth your sacrifices” - Zaha Hadid
New $25 Million Initiative Aims to Provide Young Women with Contemporary STEM Role ModelsA survey carried out by Microsoft reveals that young women who have role models in STEM, are more than 50% more interested in STEM related jobs. In order to inspire more young women to dream of becoming the next innovator, we have to expose young women to those possibilities in a way that allows young women to believe that they too can achieve them. In order to expose more women to these possibilities IF/THEN was created to encourage young women to enter the STEM fields by highlighting the achievements of modern female role models in the industry.Source: Forbes How Private Equity & Venture Capital Are Closing the Gender Gap in Emerging MarketsPrivate equity (PE) and venture capital (VC) together have an increasingly important role in the economic development of emerging markets providing alternative funding opportunities for entrepreneurship development, start-ups and private sector growth.While the asset class is expanding, women remain significantly under-represented on senior investment and management teams and the untapped potential of female-owned businesses is largely ignored. Firms that actively reach out to women can double their talent pool and diversify their skill sets. Unfortunately, the majority of PE/VC firms don’t.Increasing women’s representation in investment roles can help firms proactively tap into new female-based networks and address biases when making future talent management and investment decisions.Source: Insead Female Composers Are Trying to Break Film’s Sound Barrier A 2018 study by the University of Southern California revealed that for the top 100 fictional films at the box office every year from 2007 to 2017, only 16 female composers were hired, compared with more than 1,200 men.Increasingly, women are entering the profession, but are still outnumbered by men. The film scoring certificate program at the University of California, Los Angeles has produced 120 graduates since 2013, of which only 25 percent were female. Likewise, only a quarter of applicants to the film scoring graduate program at U.S.C. this year were female — although the school invited seven women to join its 20-student program.One resource that can provide support for Women composers is The Alliance for Women Film Composers was founded in 2014, and now has close to 400 members. It has raised the visibility of women through concerts and advocacy work, and provides solidarity in a lonely profession with no formal union. Source: NY Times